CBL reports stronger fourth-quarter 2025 earnings as rental revenues grow, same-center NOI improves and leasing activity remains active across its portfolio.
CBL & Associates Properties stock has slipped early in 2026, likely impacted by a combination of profit taking after a strong 2025 and consumer spending uncertainty. I expect CBL to deliver solid Q4 2025 results and unveil a bullish 2026 forecast, which may provide a catalyst for the shares in the near term. Over the long term, CBL's significant retained earnings will allow for a gradual reduction in the company's high leverage. Non-recourse debt also adds optionality to management decisions.
CBL reports sharp third-quarter 2025 earnings growth, lifted by property gains, leasing momentum and rising portfolio occupancy.
CBL Properties' second-quarter 2025 results benefit from strong leasing gains and four major mall acquisitions, boosting cash flow and a higher dividend.
Discover why Zacks rates CBL & Associates as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore CBL's leasing momentum and financial health amid market challenges.
CBL & Associates Properties is a retail REIT focused on malls and open-air centers. Q1 2025 AFFO was stable year-over-year, with lower interest expenses and share repurchases compensating for a decline in net operating income. The company confirmed its full-year outlook, allocating significant capital toward debt principal reduction.
We are facing a challenging environment. Some REITs may not survive it. I discuss two REITs that could be facing significant trouble.
CBL & Associates Properties is a retail REIT focused on Malls and Open air/Power centers. I expect Q4 2024 AFFO of $1.90/share, driven by lower occupancy and benefits from Fed rate cuts. AFFO in 2025 should benefit from the full-year effect of Fed rate cuts, deleveraging efforts, and potential additional buybacks.
As of Dec. 16, 2024, three stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
CBL & Associates Properties and SITE Centers are REITs focused on retail real estate, with reported occupancy rates indicating poor competitive dynamics. CBL funds a greater proportion of its capital structure with debt, but both companies have significant floating rate debt exposure. CBL is more attractively valued on an enterprise-level and AFFO multiple basis, but also reports higher administrative expenses.
CBL & Associates Properties is a retail REIT, deriving a majority of its net operating income from enclosed malls. The REIT has marginally outperformed the Vanguard Real Estate Index Fund ETF in 2024. I expect the outperformance to continue thanks to CBL's 73% debt-funded capital structure, with a boost of 10% to adjusted FFO likely if the Fed cuts rates.